BaltCap

BaltCap is an independent private equity firm established in 1995, based in Tallinn, Estonia, specializing in small and midmarket buyout and expansion capital investments across the Baltic States. With a team of 16 experienced professionals and local offices in all three Baltic countries, BaltCap has managed several private equity and venture capital funds, amassing over EUR 260 million in total capital and executing more than 60 investments. The firm targets established companies with growth potential, focusing on sectors such as business and financial services, healthcare, technology, media, telecommunications, consumer goods, renewable energy, and logistics. Additionally, BaltCap manages specific funds, including an infrastructure fund aimed at energy and clean technology projects. The firm is a member of various private equity associations and has been a signatory of the United Nations Principles for Responsible Investment since 2008.

Sandijs Abolins-Abols

Partner

Šarunas Alekna

Partner

Kornelijus Celutka

Partner

Dagnis Dreimanis

Managing Partner

Simonas Gustainis

Managing Partner

Martins Jaunarajs

Investment Director

Kristjan Kalda

Partner

Marek-Andres Kauts

Investment Director

Maciej Kopanski

Investment Director

Oliver Kullman

Partner

Vineta Kutkevica

Financial Director

Martin Kõdar

Managing Partner and Member of Investment Committee

Marius Miškinis

Investment Director

Eneken Napa

Partner and Finance and Risk Director

Matiss Paegle

Investment Director

Juris Parups

Investment Director

Robertas Petrauskas

Investment Director

Kristjan-Mart Piirsalu

Associate Director

Janis Pranevics

Associate Director

Peeter Saks

Managing Partner and Board Member

Sten Sonts

Investment Director

Past deals in Baltics

Nord Security

Venture Round in 2022
Provider of digital security and privacy services intended to empower online safety and control. The company's services help to protect data, manage passwords, sync passwords across all devices, secure files and allow sharing of files, enabling individuals and businesses a cyber-security service for password management and file encryption.

Baltic Ticket Holdings AS

Acquisition in 2021
Baltic Ticket Holdings AS is a prominent ticket distribution company operating across Estonia, Latvia, Lithuania, and Belarus. Founded in 1997 in Tallinn, Estonia, the company initially gained recognition by selling tickets for major events, including a concert by Michael Jackson. Over the years, it expanded its operations, launching ticketing services in Latvia in 2000, Lithuania in 2008, and Belarus in 2010. The company's ticketing system integrates an online platform and a physical network of 400 sales points, facilitating access to a wide range of entertainment, sports, and cultural events. Baltic Ticket Holdings manages ticket sales portals that attract around 600,000 monthly visits and has successfully handled significant events, including the Estonian Dance and Song Festival and various international concerts. With a focus on technological advancement, the company's in-house ticketing system has been continuously developed since its inception, enabling efficient management of diverse events and organizers in the region.

Verkter

Private Equity Round in 2020
Verkter is a commercial group based in Vilnius, Lithuania, specializing in the provision of do-it-yourself (DIY) and gardening tools, accessories, and aftermarket parts. The company offers a wide range of tools, including screwdrivers, hammers, angle grinders, and measuring instruments, primarily through its eCommerce platform. By focusing on quality and accessibility, Verkter aims to equip customers with the necessary tools to effectively carry out their repair and gardening projects.

Meat LT

Acquisition in 2020
Meat LT is a privately held company that produces meat products.

Krekenavos

Acquisition in 2020
Krekenavos Agrofirma, based in Kedainiai, Lithuania, is a prominent meat processing company with over 20 years of experience in the industry. Founded in 1993, it is recognized as one of the largest and most modern meat processing facilities in the Baltic States. The company specializes in a diverse range of meat products, including boiled pates, cooked sausages, frankfurters, as well as hot and cold smoked sausages, dried sausages, and marinated products. Krekenavos Agrofirma caters to both local and international markets, demonstrating its significant presence in the meat processing sector. It operates as a subsidiary of Edvervita, UAB.

Livinn

Acquisition in 2019
Livinn is a retail chain of organic and healthy food and non-food products.

Kool Latvija

Private Equity Round in 2018
SIA KOOL Latvija is a company based in Riga, Latvia, that operates fuel retail stores designed as convenient fast shopping locations. Founded in 2016, KOOL Latvija provides fuel refilling services alongside a range of snacks and food products. The company distinguishes itself by offering a unique fuel additive that enhances technical performance and reduces fuel consumption. Additionally, KOOL Latvija features customer loyalty programs, including customer and business-to-business cards, to enhance the shopping experience for its clientele. With a focus on combining fuel services with fast shopping, KOOL Latvija aims to provide a convenient and efficient solution for consumers.

Kaarli Hambapoliklinik

Acquisition in 2018
Kaarli Hambapolikliinik OÜ provides dental care services. The company was founded in 1998 and is based in Tallinn, Estonia. As of November 2, 2018, Kaarli Hambapolikliinik OÜ operates as a subsidiary of DenCap Investeeringud OÜ.

LightSpace

Venture Round in 2018
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

Anaerobic Holding

Acquisition in 2017
Anaerobic Holding is a biogas plant company in Latvia.

TREV-2 Grupp

Acquisition in 2017
TREV-2 Grupp is a construction company based in Tallinn, Estonia, established in 1961, specializing in the construction and maintenance of infrastructure and civil engineering projects. The company focuses on building and reconstructing roads, bridges, railways, and public water supply and sewage systems, including treatment plants and pumping stations. Additionally, TREV-2 Grupp operates quarries for gravel, sand, and limestone, and produces asphalt and various road safety products. The company also provides traffic management solutions, including the design and installation of traffic control devices, information boards, and street signs. Through its comprehensive range of services, TREV-2 Grupp aims to enhance the quality of life and safety of the community by delivering reliable and sustainable infrastructure solutions across Estonia.

auto24

Acquisition in 2017
Auto24 is a marketplace for used and new cars with sales information by local car dealerships in Estonia. The company is headquartered in Tallinn, Estonia.

Kuldne Bors

Acquisition in 2017
Kuldne Börs generalist classifieds site in a variety of categories, such as construction materials, agricultural equipment, pets and household goods to name a few. Kuldne Börs was founded on 1991 and is headquartered in Tallinn, Estonia.

Coffee Address

Acquisition in 2017
Coffee Address is a vending and coffee services company based in Vilnius, Lithuania, established in 1993. The company focuses on enhancing the coffee experience for modern workplaces and individuals by managing the entire coffee journey, from sourcing quality beans to serving them in a cup. Coffee Address offers a range of innovative payment options and personalized services, catering to the diverse needs of its clients. The company prides itself on providing premium coffee selections, featuring handmade brews sourced from around the world. Coffee Address aims to elevate the enjoyment of coffee, recognizing it as a significant pleasure in daily life.

Qvalitas

Acquisition in 2016
Qvalitas Medical Centre is a private medical centre that offers professional general and specialist service. It provides services according to the waiting list and in the volume pursuant to the contract with the Estonian Health Insurance Fund. It also offers appointment with extra charge for medical service outside waiting list, without health insurance or without the required referral. The company strives to create new and innovative healthcare services, such as health audit and various health packages, according to the wishes and needs of customers. Qvalitas Medical Centre was founded on 1996 and is based in Tallinn, Estonia.

UPRENT

Debt Financing in 2016
UPRENT is a rental company specializing in pumping systems and related equipment, operating primarily in Eastern Europe. Founded in 2013 and headquartered in Riga, Latvia, the company offers a comprehensive range of services, including equipment rental, project scheduling, cost calculations, delivery, installation, and sales of various pumping systems. Its product offerings include well point dewatering pumps, sewage pumps, submersible pumps, and a variety of accessories, alongside trench shoring systems and power generators. UPRENT caters to diverse industries such as construction, agriculture, mining, and emergency services, addressing needs like sewage pumping, groundwater purification, and industrial reservoir cleaning. The company prioritizes customer satisfaction by maintaining open communication, actively addressing customer feedback, and tailoring services to meet specific requirements. With branches in Latvia, Lithuania, Estonia, and Poland, UPRENT aims to deliver efficient solutions that minimize energy costs and enhance operational effectiveness.

Fitek

Acquisition in 2016
Fitek is a financial process automation solutions provider based in Tallinn, Estonia, with operations in Latvia, Lithuania, and Slovakia. Established in 1995, the company specializes in optimizing financial processes, offering services that encompass purchase invoice management, document workflow, and sales invoice solutions. Fitek aims to reduce customer costs by streamlining and accelerating financial operations, serving over 1,000 clients across the Baltic states, Nordic countries, and Central Europe. Its clientele includes leading banks, telecoms, public sector institutions, and various industries. The company employs more than 130 qualified professionals across its offices in Tallinn, Riga, Vilnius, and Bratislava, helping customers save significant resources—up to five times—dedicated to financial processes.

Eesti Keskkonnateenused

Acquisition in 2015
Eesti Keskkonnateenused operates as a providers of waste management and municipal services. The company collects secondary raw materials, construction waste, and other waste. The company also provides road and street maintenance in some areas. The company has applied an integrated health, safety, and environmental management system based on ISO 9001, ISO 14001, and OHSAS 18001 standards. Eesti Keskkonnateenused was founded on 1998 and is headquartered in Tallinn, Estonia.

Dental Invest Estonia

Acquisition in 2015
Dental Invest Estonia is a dental healthcare provider.

LightSpace

Seed Round in 2015
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

BPT Hansa

Acquisition in 2015
BPT Real Estate AS is a property and asset management firm based in Tallinn, Estonia, with additional offices in Riga, Vilnius, Warsaw, and St. Petersburg. Founded in 2001, the company offers a comprehensive range of services, including asset management, property management, and investment fund management. Its asset management services encompass business projections, reporting, lease negotiations, and recommendations for property development. In property management, BPT focuses on tenant relations, facility management, and financial oversight. The firm also provides support services such as budgeting, project management, and feasibility studies. BPT Real Estate caters to property owners, institutional and private investors, and portfolio owners primarily in the Baltic Sea region, leveraging its extensive market knowledge and expertise to deliver high-quality, innovative strategies in commercial real estate.

Pure Chocolate

Private Equity Round in 2015
Pure is more than chocolate. Our specialists have collected knowledge with care and attention to detail for ten years which means that our production methods guarantee chocolate truffles with perfect taste and design. We are chocolate truffle experts who create a unique product with a rich taste that is perfect to celebrate every moment of life.

Trafi

Series A in 2015
Trafi is the most technologically advanced platform for mobility solutions, powering the world’s leading companies and cities. The technology suite is tailor-made to operate mobility services. From white label MaaS solutions to deep analytics, we enable our partners to become the driving forces of urban mobility. Founded in 2007 with offices in Berlin, Vilnius and London, Trafi is proud to count companies like Lyft, Google, Apple, Volkswagen, Skoda, and cities including Berlin, Jakarta, and Rio de Janeiro amongst our clients.

Stenders

Private Equity Round in 2015
Stenders is a cosmetic company that specializes in producing and selling a wide range of showering, bathing, and body care products. The product lineup includes body care items such as sun care, hand care, sauna honey, yogurts, lotions, body butter, and body and massage oils. In addition, Stenders offers skin care products, including creams, tonics, and lip butter, as well as hair care solutions, which comprise shampoos, conditioners, and treatments tailored for both men and women. The company emphasizes the use of natural ingredients, such as plant oils, extracts, and essential oils, along with beeswax and honey, allowing customers to access a variety of beauty products at affordable prices.

LightSpace

Seed Round in 2014
Lightspace Technologies SIA specializes in the development of advanced optical solutions and technologies for augmented reality (AR) and virtual reality (VR) displays. Incorporated in 2014 and based in Mārupe, Latvia, the company focuses on creating multifocal, accommodating AR headsets and future glasses-free 3D image displays. Their portfolio includes innovative products such as a multilayer liquid crystal switching diffuser, VR/AR near-eye display architecture, and a unity 3D rendering software plugin designed for volumetric displays. Lightspace's volumetric 3D monitor is particularly significant in sectors like medicine and security, providing real-time 3D displays with optically deep images. This technology facilitates applications such as three-dimensional microscopy, image-guided surgery, and diagnostics, enhancing both image quality and eye comfort for professionals across various fields. Recognized as a leading contributor to volumetric 3D display technologies, Lightspace continues to advance optical reality solutions by reducing the optical hardware requirements for light field display technology significantly.

Eurakras

Private Equity Round in 2014
Eurakras is a wind farm development company. 24MW wind farm near Jurbarkas. The wind farm is expected to be operational in the second half of 2015.

Ecoservice

Acquisition in 2014
UAB Ecoservice is a waste management company based in Vilnius, Lithuania, founded in 1995. It specializes in the collection, transportation, and processing of municipal waste and recyclable materials. The company operates a fleet of vehicles to manage the removal and transport of various types of waste, including graveyard refuse. In addition to waste management, Ecoservice provides urban cleaning and street maintenance services, as well as leases household waste containers and other related equipment. The company is committed to social responsibility, actively engaging in educational initiatives and organizing campaigns for the collection of secondary raw materials. Through these efforts, Ecoservice aims to contribute positively to the community and support youth organizations.

Stenders

Private Equity Round in 2013
Stenders is a cosmetic company that specializes in producing and selling a wide range of showering, bathing, and body care products. The product lineup includes body care items such as sun care, hand care, sauna honey, yogurts, lotions, body butter, and body and massage oils. In addition, Stenders offers skin care products, including creams, tonics, and lip butter, as well as hair care solutions, which comprise shampoos, conditioners, and treatments tailored for both men and women. The company emphasizes the use of natural ingredients, such as plant oils, extracts, and essential oils, along with beeswax and honey, allowing customers to access a variety of beauty products at affordable prices.

Post Service SIA

Private Equity Round in 2013
Post Service SIA is the largest private postal operator in Latvia, specializing in automated last mile delivery solutions. The company provides a range of services including the delivery of letters, direct mail, batches, and small packages. With a workforce of over 400 employees, Post Service SIA operates forty parcel delivery and shipment terminals across the country. Additionally, the company develops and exports automated parcel terminals to meet the needs of other postal operators and courier services. Headquartered in Riga, Latvia, Post Service SIA combines technological innovation with a dedicated team of professionals to enhance postal delivery efficiency.

Blue Bridge Technologies

Venture Round in 2013
Blue Bridge Technologies, founded in 2007 in Latvia, specializes in developing and implementing innovative IT solutions aimed at modernizing business processes and enhancing service accessibility, particularly within the healthcare, health insurance, and wellness sectors. The company has established its expertise in automating process and document flows, leveraging its proprietary software that integrates seamlessly with existing systems. Their integrated SaaS platform connects healthcare payers, providers, and patients, offering features such as a practice management system, real-time automated health insurance transaction processing, and a patient portal for appointment booking and telehealth services. Through collaborations with healthcare providers, insurance companies, and representatives from the spa and fitness industries, Blue Bridge Technologies has gained substantial experience in facilitating efficient healthcare delivery and ensuring smooth insurance reimbursement.

Amateks

Private Equity Round in 2012
Amateks, SIA is a Latvian company established in 2002, specializing in the manufacture of metal accessories, components, and complementary parts. Located in Olaine, the company provides a variety of metalworking services, including stamping, automatic assembling, lathing, CNC milling and turning, and welding. Amateks primarily serves industries such as electromechanical, automotive, heating, microelectronics, and document finishing. By offering these services, the company aims to help businesses reduce production costs associated with metal parts and assembly units.

UAB Inmedica

Private Equity Round in 2012
UAB Inmedica, founded in 2004 and based in Vilnius, Lithuania, operates a network of primary care and specialized clinics. Formerly known as UAB Seimos Medicinos Klinika, the company manages 11 clinics with a registered patient base of approximately 40,000 individuals. Inmedica employs around 200 healthcare professionals, including doctors and specialists. The clinics provide a wide range of medical services, including diagnostic evaluations, outpatient treatments, surgical procedures, dentistry, and physiotherapy. Inmedica focuses on both treating various diseases and promoting preventive healthcare measures, such as vaccinations and health examinations, utilizing modern equipment and comprehensive laboratory tests to support patient wellness and a healthy lifestyle.

SIA EKJU

Private Equity Round in 2012
SIA EKJU, founded in 1992 as a Latvian/German joint venture, is one of the largest producers of garden furniture in Latvia. Based in Riga, with a modern production facility near Cesis spanning over 12,930 square meters, the company specializes in a variety of outdoor and indoor wooden products. Its product range includes round and combined garden tables, wooden benches, fences, ecological wooden constructions, and decorative items such as sand and flower boxes. With a strong export focus, approximately 95% of its finished goods are shipped to markets in the United Kingdom, Denmark, France, Sweden, Norway, Ireland, and Spain.

Vendon

Venture Round in 2012
Vendon Ltd. specializes in vending automation software solutions, offering a comprehensive online management and control system for vending machines. Founded in 2008 by Lauris Liberts, the company addresses the need for efficient vending machine operations by providing features such as stock monitoring, billing management, item-level tracking, warehouse management, and route scheduling. Vendon's platform facilitates real-time data collection on machine performance, enhancing operational efficiency and enabling businesses to optimize their vending services. The company's products are distributed across various countries, including Belgium, France, the United Kingdom, and Greece. Based in Marupe, Latvia, Vendon has grown to become a prominent player in the vending industry, extending its reach to over 41 countries.

Labochema

Venture Round in 2012
Labochema is a pan-Baltic laboratory supply provider based in Vilnius, Lithuania, with additional operations in Riga and Tartu. Established in 1991, the company distributes a comprehensive range of products, including chemicals, reagents, laboratory furniture, equipment, instrumentation, and consumables sourced from leading global scientific manufacturers. Labochema serves a diverse clientele that encompasses educational institutions, biotechnology firms, industrial companies, pharmaceutical organizations, healthcare providers, and governmental agencies. Through its subsidiaries, Labochema LT, Labochema Latvija, and Labochema Eesti, the company aims to meet the needs of various sectors in the Baltics, ensuring access to high-quality laboratory supplies and related services.

Coffee Inn

Private Equity Round in 2012
Coffee Inn is the leading gourmet coffee chain in Lithuania, Latvia and Estonia, successfully launched in 2007 by a group of enterpreneurs and professionals.

SJSC Impuls LTU

Private Equity Round in 2011
SJSC Impuls LTU owns and operates sports and entertainment centers. It offers aerobics, fitness, martial arts, swimming, and training in a gym.

AGroup

Venture Round in 2011
AGroup was formed in 2008, as a spin off from Latvian office of Robertson & Blums Corporation, which underwent dramatic restructuring in early 2008. Companie’s products, however, date back to 1995, when the first solution was developed as an add-on module to SunSystems suite of financial reporting tools. The solution, initially focused exclusively on payroll, gained popularity and quickly became a standard for streamlining the payroll process among SunSystems clients in Eeastern Europe. In 1998 the product was branded HRB® and released as a stand alone tool, covering payroll calculation and reporting. Hundreds of multinationals across a dozen countries were already using HRB® to calculate payroll for tens of thousands of employees at that time. In 2000, HRB® suite of products first ventured outside of its exclusive focus on payroll. A series of tools covering basic HR functionality, including workforce management were added. HRB® products continued to develop and gain recognition on the market. Product’s multitenancy features, made it attractive to independent payroll processors, some of which adopted the product to run their whole business using HRB® solutions. World leader in payroll processing – ADP – is exclusively using HRB® to run its Polish branch to date. In 2001, HRB® solutions were further enhanced with advanced Time & Attendance functionality. Web-based employee and manager serf service portal was added in 2004. Subsequently metrics management and recruitment functionality were introduced in 2006, due to customer demands. Today AGroup is one of the leaders in payroll processing and HR solutions in Eastern Europe with over 550 clients in 22 countries, calculating 250,000+ payrolls.

Ygle

Private Equity Round in 2011
UAB Ygle is a Vilnius-based company specializing in the design, installation, and maintenance of building utility systems. Established in 1995, it provides a range of services including heating, ventilation, air conditioning, water supply, sewerage, fire extinguishing, electrical systems, and automation. Additionally, Ygle offers services for gas systems, cooling equipment, fire alarms, smoke extraction, as well as cleaning, security, routine maintenance, replacement, and rubbish removal. The company caters to various sectors, including office, retail, and industrial buildings, focusing on complex engineering solutions. As of 2020, Ygle operates as a subsidiary of Sol Baltics Ou.

Runway BPO

Private Equity Round in 2011
Runway BPO is a business process outsourcing service provider in the Baltic States. As a multi-lingual and multi-tower outsourcing company, Runway Group provides Nordic, Western European, and multinational businesses with cost-effective nearshoring services, performed by over 600 employees operating in 9 offices located in the Baltics, Spain and Ukraine. Runway Group services include inbound and outbound call center services (including telemarketing, customer support and market surveying), IT outsourcing services (consisting of IT support and consulting, web, software and mobile app development, IT architecture and IT infrastructure services and other IT related services), various back office services (data collection, data entry, HR outsourcing, accounting, bookkeeping and many other back office services) as well as other tailor made BPO services adapted to the needs and requirements of clients.

Kelprojektas

Acquisition in 2011
UAB Kelprojektas is a transport infrastructure engineering company that designs transport communications, public use buildings, engineering systems, and performs territorial planning works. The Kelprojektas Group of companies includes UAB Kelprojektas, a ​transport infrastructure engineering company in Lithuania, UAB Urbanistika, that focuses in the market of territorial planning works in Lithuania, UAB Kelvista, a technical supervision in Lithuania, and ICCON (Infrastructure and City Consultants), a subsidiary in Sweden. The company's main activities include Road and street engineering bridge engineering, railway engineering, airport engineering, port engineering, architectural and building engineering, traffic flow modelling, geological exploration, investigation engineering, geodesy and land-use planning, environmental impact assessment, feasibility studies, territorial planning, and technical supervision. UAB Kelprojektas was founded on 1956 and is headquartered in Kaunas, Lithuana.

EuroLCDs

Seed Round in 2011
EuroLCDs is a European company focused on the development of advanced liquid crystal display technologies and smart glass applications. It operates its own research, industrialization, and manufacturing facility, allowing it to create innovative bi-stable and fast shutter liquid crystal displays. The company caters to various markets, including industrial, transportation, medical, and defense sectors, with a particular emphasis on emerging 3D imaging technologies. By combining its own research capabilities with the ability to industrialize third-party technologies, EuroLCDs offers a range of unique products and customized solutions to meet the specific needs of its clients.

Oobelisk

Private Equity Round in 2010
Oobelisk, SIA is a media production company located in Marupe, Latvia. Specializing in corporate media, the company provides a variety of products, including audiovisual annual reports, yearbooks, and interactive presentations. Oobelisk aims to deliver unique and innovative solutions to meet the media needs of businesses, enhancing their corporate communications through high-quality production services.

Primekss

Private Equity Round in 2010
Primekss SIA, founded in 1997 and headquartered in Riga, Latvia, specializes in the development, manufacture, and marketing of innovative concrete flooring solutions for various applications, including industrial warehouses, logistics centers, and supermarkets. The company's product lineup features jointless concrete floors, raft foundations, overlays, outdoor pavements, and specialized concrete care and gas protection systems. Notably, Primekss offers PrimeComposite, a cutting-edge jointless flooring solution recognized for its innovative design, having received multiple awards at industry events. The company also provides licensing opportunities for contractors and supports its clients with training courses and consultancy services. With a global presence that includes operations in Europe, the United States, Africa, and Asia, Primekss remains committed to enhancing concrete technology through ongoing research and development efforts, resulting in durable, low-maintenance flooring options that are visually appealing and resistant to cracking.

Magnetic MRO

Acquisition in 2010
Magnetic MRO AS is an aircraft maintenance, repair, and overhaul (MRO) service provider based in Tallinn, Estonia, with a global presence and over two decades of experience in the aviation sector. The company offers a comprehensive range of services including total technical support, heavy and line maintenance, engine solutions, integrated engineering services, and component repair. Additionally, it provides asset management services for asset owners, which encompass asset acquisitions, end-of-life management, and technical support during leases. Magnetic MRO is known for its innovative digital solutions, exemplified by its e-platform EngineStands24.com, which facilitates the leasing and purchasing of aircraft engine stands. With locations in cities such as Miami, London, Amsterdam, Dubai, Guangzhou, and Kuala Lumpur, the company has established a strong international presence. Magnetic MRO was originally founded as Air Maintenance Estonia AS in 1995 and rebranded in 2014.

Medicap Holding

Acquisition in 2008
Medicap Holding is a provider of medical laboratory services in the Baltic region, operating facilities in Estonia, Finland, and Lithuania under the Quattromed and Sorpo brand names. The company offers a range of medical services, including blood work, laboratory tests, and diagnostic services. Its clientele includes family physicians, ambulatory and stationary healthcare providers, occupational health centers, and private individuals. Through its comprehensive service offerings, Medicap Holding supports the healthcare needs of various stakeholders within the region.

Energate OÜ

Acquisition in 2008
Energate OU operates in the development of natural gas networks, distribution, and sale of natural gas. Energate OU owns and operates over 120km of gas pipelines around the two main cities in Estonia, Tallinn and Tartu. Energate OÜ has a network license for the development of natural gas networks and the sale of natural gas today in 5 network areas. Natural gas networks are being developed and gas is sold today in 2 network areas in Tallinn and its immediate vicinity. In addition, Energate OÜ has the right to develop natural gas networks in the Harku and Kohila rural municipalities and in the northern part of Rakvere and neighboring neighboring municipalities. Energate OÜ sells natural gas to households and businesses. Energate OU was founded in January 2008 and is based in Tallinn, Estonia.

Tallinna Pesumaja

Private Equity Round in 2006
Tallinna Pesumaja OÜ, founded in 2000 and headquartered in Kohila, Estonia, specializes in laundry and textile rental services catering to hotels, hospitals, and restaurants. The company employs advanced technology, including automated sorting line washing machines and an electronic RFID-based washing management system, to enhance operational efficiency. It prioritizes environmental sustainability by utilizing eco-friendly detergents, as well as conserving water and energy in its processes. As of September 2019, Tallinna Pesumaja operates as a subsidiary of Lindström Oy, further solidifying its position in the textile service industry.

NeoQi

Private Equity Round in 2005
NeoQi AS is an Estonian company founded in 2001 that specializes in innovative spa equipment for the wellness, aesthetic medicine, and physical therapy sectors. The company provides a comprehensive range of solutions, including both in-home and professional spa equipment such as steam and infrared saunas, aromatherapy devices, Vichy showers, and hydrotherapy systems. In addition to its equipment offerings, NeoQi also supplies a variety of cosmetics specifically developed for use with its products. The company emphasizes a holistic approach by providing educational training, aftersales support, and an array of spa treatment programs to enhance customer experience and satisfaction.

Voira UAB

Private Equity Round in 2005
Voira UAB operates a chain of toy stores.

Zetcom SIA

Private Equity Round in 2005
ZetCOM provides telecommunication services to make and receive calls across Latvia and abroad. Its services include send and receive short messages, identify incoming calls, redirect calls to another phone number when necessary, and place incoming calls on hold. The company also provides access to Internet with GPRS data transfer and MMS sending. Its phone card offers roaming in Europe, Asia, Africa, Oceania, and America. The company was founded in 2002 and is based in R

Depo DIY

Acquisition in 2005
SIA Depo DIY is a Latvian retailer specializing in do-it-yourself products. Founded in 2005, the company operates nine retail stores located in cities such as Riga, Liepaja, Jekabpils, Daugavpils, Rezekne, and Valmiera. Depo DIY offers a wide range of products across various categories, including home improvement, garden supplies, building materials, and more. Additionally, the company provides services such as material cutting, framing, edging, door preparation, and curtain sewing. With a workforce of over 1,000 employees, Depo DIY serves both retail and wholesale markets, making it a prominent player in the Latvian DIY sector.

IT Koolituskeskuse

Acquisition in 2005
IT Koolituskeskuse is a provider of training in information and communications technology in Estonia.

OfficeDay

Private Equity Round in 2004
OfficeDay is a leading provider of office supplies and services in the Baltic region, specifically Lithuania, Latvia, and Estonia. The company offers a wide range of innovative and high-quality office products, furniture, and equipment designed to support the growth of its clients' businesses. OfficeDay operates the largest office product retail chain in Lithuania, with 20 stores located in major cities as well as smaller towns. To reach its customers, the company employs various sales channels, including retail locations, telemarketing, mail, and e-commerce. With a presence in 25 countries, OfficeDay is committed to being a reliable partner for businesses seeking effective office solutions.

Adam Auto SIA

Private Equity Round in 2004
Adam Auto SIA operates as a new and used car dealer. The company also offers spare parts, leasing, insurance, and old and used vehicle exchange services. It also provides vehicle’s body repair and painting, minor defects’ elimination, vehicle’s evacuation, diagnostics of vehicle, and accessories.

SIA V.L.T

Private Equity Round in 2004
SIA V.L.T. is a Latvian company specializing in the production of egg packaging, specifically egg cartons and trays. Founded in 1992, it initially operated as a retailer of agricultural equipment before transitioning to egg packaging in 1998 after acquiring production equipment from Huhtamaki Oyj. The company further expanded its capabilities by acquiring additional machinery from Huhtamaki Oyj and Ecofeutre, establishing itself as the largest producer of egg cartons and trays in the Baltic states. SIA V.L.T. markets its products through retail chains in the Baltic countries and exports to Lithuania, Poland, Estonia, and the Russian Federation. The company's headquarters is located in Valmiera, Latvia.

INTRAC

Acquisition in 2002
INTRAC Group specializes in providing tracked and wheeled machinery for multiple sectors, including forestry, construction, material handling, and agriculture. The company supplies a diverse range of equipment, such as skidders, harvesters, motor graders, terminal tractors, rollers, and pavers, catering to customers in Estonia, Latvia, and Lithuania. In addition to machinery sales, INTRAC offers spare parts and related services, supported by a robust service network that includes stationary workshops and mobile service vans. Their clientele spans various industries, including forestry, port operations, medium-sized enterprises, farming, quarries, and construction, ensuring a comprehensive approach to meet the needs of their customers.

UAB ICECO

Acquisition in 2001
UAB ICECO produces and exports ice creams, frozen desserts, waffle cups or cones for ice cream, and fish products to customers in Lithuania and internationally. The company sells its products through AURUM, MIO, FRUIT, ESKIMO, and TIRPUKAS brands. It also owns and operates a network of stores that sells assortment of ice cream, frozen desserts, and frozen vegetables, as well as culinary products, including dumplings, stuffed potato dumplings, pizzas, and filo pastry to consumers in Lithuania.

Teede REV-2

Acquisition in 1998
Teede REV-2 is a Estonian road building company headquartered in Tallinn. The company provides practically all road building services.

A. Le Coq

Acquisition in 1998
A. Le Coq is the oldest and biggest drinks manufacturer in Estonia. Our product portfolio includes 11 different product groups. The main product group is beers, followed by juices, waters and soft drinks, and the remaining product groups such as ciders, light alcoholic beverages, Active juice drinks, sports and energy drinks, syrups and kvass. The company is dedicated to the preservation and development of good drinking culture in Estonia by valuing old manufacturing traditions as well as taking an innovative approach to updating its product portfolio so it can offer consumers new and healthy flavour combinations. A. Le Coq holds the leading position on the Estonian drinks market in the categories of beer, juice, and long drinks and ranks a strong second in the production of water, soft drinks and cider.

Svyturys-Utenos alus

Acquisition in 1998
Svyturys-Utenos alus UAB produces, sells, and exports beer, cider, alcoholic mixes, soft drinks, and drinking water.

Vipex

Acquisition in 1998
AS Vipex is an Estonian limited liability company which was established in 1992. Vipex is a representation and distribution center for building materials and home supplies. Vipex represents several strong and well-known brands in Estonia and Eastern Europe.

Ringuva.Lt

Acquisition in 1996
Ringuva.Lt has environmental changes make demands upon manufacturers, including: innovative thought, determined action and foresight. NAUJOJI RINGUVA AB appreciates an informed consumer who knows how to choose and offers him or her not just a product, but also a relationship based upon attention, listening, and respect. The Company is increasingly integrating its quality policy into its internal culture and ensuring that each employee implements that policy.

Standard AS

Acquisition in 1996
Standard AS is the specialist in furnishing projects in the Baltic States. AS Standard is the leading furniture manufacturer in the Baltic States. The enterprise has existed since 1944. The company has two primary business directions: StandardPro offers hotel and public space furnishing solutions; StandardOffice focuses on offices and interior design. The greatest strength and advantage of Standard over many other interior design companies is that we offer complete solutions, from initial consultations to the handover of the completed project. When you choose Standard as your partner, you receive everything you need to furnish your premises from one convenient source. Each project is dealt with at Standard by a professional project manager supported by a team of experienced specialists. Furniture is designed and produced in accordance with the client’s wishes and maintaining the product’s original and distinctive features. Standard offers a wide range of ready-made office furniture solutions that you can view on our website and in the product catalogue. All of Standard’s furniture is manufactured at our own production facilities using modern and environmentally friendly technologies and high-quality materials. Standard also offers delivery and installation as additional services. The result is always a stylish and most comfortable room. Standard has decades of experience in provision of furnishing solutions and the company has expanded into all regions of the world. Our activities have earned deserved recognition and we have completed many large projects not just in the Baltic States but in Finland, Sweden, Germany, the Netherlands and Russia as well.

EMV Ltd.

Acquisition in 1996
Skanska EMV AS offers construction services.it offers general construction, civil engineering, special works, and real estate and project development.
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